Call us! 626.204.3300
103 N. 5TH STREET
ALHAMBRA, CA 91801
ABOUT THE ASSET
Current Cap Rate
Market Cap Rate
Bridge Investment Group is proud to present Whispering Falls in the city of Alhambra. Located in one of the most highly sought-after locations, Whispering Falls has been owned by the same family for over 30 years. The property offers a rare opportunity for an investor to capitalize on one of the strongest rental markets in the San Gabriel Valley.
At Whispering Falls, the corridor entry leads into a mature landscaped courtyard, with a fountain. Within this serene space is a 15-unit apartment built in 1961 consisting of five 1 bedroom/1 bathroom, nine 2 bedroom/1 bathroom, and one 3 bedroom/1.5 bathroom units totaling 12,676 square feet sitting on a lot size of 15,270 square feet. The foundation is concrete slab and the roof is pitched composition shingle.
The owner upgraded the plumbing to copper piping over 10 years ago. Each unit is individually metered for gas and electricity and comes with their own tuck under parking space and wall air conditioning unit. There are two American Standard 100-gallon hot water heaters that were new as of three years ago, as well as laundry on site for the tenants: two washers and one dryer on lease. Rents are ±70% below market and all tenants are on month to month leases so there is an opportunity for an investor to immediately capitalize on the rental potential.
Can be Sold Separately or Combined with 109 N. 5th St.
Prime Central Alhambra Location
First Time on the Market in Over 30 Years
± 70% Upside in Rents
82 Walk Score (Very Walkable)
Non Rent Control Area
CONTACT US FOR ADDITIONAL INFO.